Iowa Public Adjuster Bond

Iowa Public Adjuster Bond

Public adjusters are required by the Iowa Insurance Division to obtain a license and surety bond before insurance services may be provided to the public.

Jet Insurance Company provides the $20,000 Public Adjuster Bond to act as financial protection to the state’s residents in cases where the adjuster fails to comply with license regulations and/or contractual obligations.

VIEW YOUR BOND PRICE

The Iowa Public Adjuster Bond may be purchased for as little as $10 a month!

What Is the Lowest Price for the Public Adjuster Bond?

With Jet, prices for the Iowa Public Adjuster Bond are a small fraction of the $20,000 limit and are based on a soft credit check of the applicant. For example, rates start at just $100 for a one-year bond term or a simple payment of $10 a month.

In addition, Jet offers multi-year options. Take a look at the price chart below for further details.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
IA Public Adjuster Bond Pricing

According to the Insurance Division, public adjuster licenses are issued for two-year terms. Because of this, Jet provides a convenient two-year bond term to all applicants. To get started with your purchase, select the “View Your Bond Price” button at the top of the page.

Why Is the Iowa Public Adjuster Bond Required?

The Iowa Insurance Division is responsible for the management and regulation of the insurance industry. To ensure that Iowa residents are protected from unfair business practices and/or wrongful damages, some form of financial security is typically required of licensees, like a surety bond.

Once licensed, public adjusters must follow all rules pursuant to Chapter 55 of the Iowa Administrative Code, as well as uphold the obligations of their customer contracts. If a violation occurs such as negligence, unethical or deceptive conduct, fraud, and/or a breach of contract, funds from the Public Adjuster Bond may act as a means of restitution to the damaged party, whether that be the Insurance Division themselves or a policyholder of the public adjuster in question.

How to Apply for the Public Adjuster Bond With Jet

Jet’s application is swift and easy! To begin, some general information will be needed such as your contact details and social security number. No need to worry though—Jet only runs a soft credit check, therefore, it won’t have an impact on your actual score.

Once your application has been reviewed, a Jet underwriter will send you approved rate options that are available for immediate purchase. Simply choose the best payment plan for you and complete the purchase. You’ll receive a copy of your receipt and bond form as soon as this last step has been fulfilled.

VIEW YOUR BOND PRICE

How Does the Public Adjuster Bond Get Filed to the Iowa Insurance Division?

A copy of the signed and sealed Public Adjuster Bond form, along with any other completed paperwork must be submitted via the NIPR Online System. For further details on the application process, check out either the Obtaining a New License webpage or the Renewing a License webpage.

The Iowa Insurance Division mailing address and contact information have also been provided by the Jet team for your convenience. See below.

Iowa Insurance Division
1963 Bell Avenue, Suite 100
Des Moines, IA 50315
Email/Phone Contact

How to Renew My Bond

For annually-purchased bonds, see Jet’s process to renew your bond. Hint- it’s simple.

How to Cancel My Bond

See the details surrounding canceling your bond.

Bond Claim Process

Find out what causes a claim as a public adjuster and what happens after a claim is made.

Iowa Public Adjuster Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: